New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-09
LAID WITH A SILVER TROWEL
CORNERSTONE OF THE PETROLEUM AND
STOCK EXCHANGE In PLACE

SSAsAN0As>oAO OE nOkcOM AND
STOCK EXCHANGE IN PLACE.
MUCH CEREMONY AND A BIG CROWD PRAYER.
sPEECHEs AND A MILITARY BAND.
what Is called in popular parlancc the Wall
Street district was almost as lively yesterday
after the close Of business hours ss IL there were
In contemplation some big political meeting in tho
heat Of Presidential campaign. Martial music
was heard, crowds filled the streets, spectators
crowded to the windows OF buildings and later on
speeches were indulged in at Broadway and Ex-
chanGe-place. The occasion was tho laying Of the
corner stone Of the big building which the Con-
solidated Stock and Petroleum Exchange is putting
up. better day couldn't have been picked out
The sky was clear and bright, the temperature
was adapted nearly equally to walking or sitting.
and the oil brokers had been rejoiced by a boom
In grease" to seventy cents. Everything went
of happily, including the luncheon party hell lato
In the day at the Hoffman House at Beaver and
New sts.. and a goodly number Of distinguished
guests lent their presence to tic occasion.
As soon as the gong had closed the business for
the day In the Broadway rooms now occupied by
the Exchange, the members began gathering for
the preliminary procession, and badges and button.
hole bouquets were thick everywhere. About
$3.50 p. m. the procession started from the front
OF the roiected building In Broadway and marched
up TO Wall-st, through that street to Broad-st,
down Broad-st TO Beaver-st., and thrOughB caver-
ST. to Broadway, and thence up Broadway to tho
place OF the ceremonies. platoon OF police led
the paraders. followed by DOdworth's 18th Regi-
ment Band, and after them came the officers of
the Exchange, the invited guests and directors
and large number OF brokers' As the procession
filed through Broad-st the applause was light,
but the members OF the Produce Exchange gave
1t hearty welcome as it went by tho Beaver
st. entrance.
The iron pillars and beams for the first story
OF the new building had been covered with floor
ing and every available space in structure Just
starting from the foundation used for decora-
tions. Long ropes from the neighborng build
ing, running through from New-st. to Broadway,
carried a series of banners Of all nations down to
the posts on the Exchange place side Of the new
structure. The wall OF this building thick
with national shields, about which were grouped
laGs OF all nations. High board fences on the
Exchange-place and Broadway boundaries Of tie
Boards plot Of ground were similarly decorated,
and the speakers Of the day were covered with a
canopy OF American flags. while horse shoe decora-
tions and d0wers completed the adornment Of the
stand. The guests and the officers and directors
Of the Exchange were boarded of from the rest
Of the platform, but big space was left for the
accommodation OF other Observers. Everywhere
bright colors met the eye, and the band filled
every possible interstioe in the proceedings with
cheerful music.
When everybody had crowded upon the platform
the proceedings were begun with an overture from
Fatinitza" by D0lworth's band. Then Presi-
dent Charles George Wilson amid the silence
Of the crowd, was form, ,ly presented with tie un-
completed binding by A. L. FarIs. Tne Rev. Dr.
the enterprise and pleaded that the worklngmen
should be cared for. The National Hymp Amer
lea" was sung by the lusfy yonng glee club OF the
president delivered his address. After the cere-
monies OF laying the cornerstone had been COM
ss S1
FIemmiue, Aigern0n y. Snihvsa spoke a. some
length and snort addresses we're made by President
Whitney. Of Brooklyn; Mayor Orcstes Cleve-
Wheeler. presid.ppl Of the Bradford, Penn,
SECRETARY of the Coffee Exchange. and Senator
5. NJ. Griswoid
Mayop WStusy Sn Of Breoeyn WIS Mayor Of
Jersey CITY Senator A. p. German. of Maryland;
President o; d. Baldw n, of the Fourth National
| National Bank; Judge Hail. General Maxwell
Woodruff Judge Lawrence, Congressman ). ).
| Cox, United states Commissioner osborn, Aque-
dnc Commissioner RIdgeway. Ex-Governor Leon
AbDett. William Nelson Cromwell and George +.
Barlow President Miller represented the Cotton
Exchanqe, President McGee the Produce Exchange
and President Cammann the Real Estate tx
Exchange was present. and the Coffee txchaugs
represented by Its secretary. Vice. pre- sident
| Thomas l.. Watson of the consolidated Exchange,
read LETTERS OF regret fro Governor Hill Lieu en-
Jersey; Secretaries Bayard, Endicott and Was,
Major General SchOteld, Controller Loew Justices
c. II. Van bruut, +. Henr, Dugro and II. W. Book
8 aver the Rev DR.. Janes McCosl, Commissioner
o. Pubic Parks Borden, Exci Commissioner Won
Claim. W. IA. Forsyth, secretary Of the Buffalo
fha( . in. 4 EypbanUp
Mayor Hewitt slipped IN and took part IN the
handling OF the trOwe, but he wouldn't make
speech and asked that letter be read instead. The
Mayor Gays:
oI "a INST lyi.ng me 70 be a, hS cGS or
TnSrsaas, % September 8, ) 80 p. i viii me
on fs-t c e G Se oa S pSae az
mens which was en'eed n'o before !ae esePs Of you,
beg you your associates of the Consolidated
S % ps as
ing business Of New ok Each new y exchange is IN, ,hs
70 is ana the community Trusting that me
enaSes you 70 undertake Of building
olSS1 ooeSent serSsn %1s "'"'' ABRAs $. HEWITT.
The corner tone was intrusted with copies of all
the New York new pers. The oil City Derrick and
ihe bradford Era, reports of the exchanges,
lists am memoranda connected witb the CONSOLE
dated Exchange. a SET of United States coins. .
be odd taf o ooars ans other Ie Tec
silver trowel was used in the cerem nv of spread
ing the clay by President Wilson Vice.
Presidents Frank Tack and Thomas l..
Watson ex-Presidents joan Stan on, j. Wyman
Morris and L. H. smith, Mayors Hewitt. Whit
new and Cleveland. Congressman Cox. judge Law
renee and Pre- ,ident Wheeler of the Bradford Ex-
change When the ceremonies were completed
President Wilson returned the building 10 the Gus
| tody OF the building committee. Vice. President
Watson accepting it with the assurance that every
thing would be done that lay IN the power oil the
committee to make the structure as perfect III ITS
| completion as II had been in IT'S beginning
| The enthusiasm Of the observers OF the cere.
monies assured cordial reception 10 the orator OF
| tile day Mr. Coudert, and TO Mr.. Sullivan the next
| prominent speaker. Loyalty alone would have
| gwen President Wilson hearty RECOGNITION OF the
| excellent address i'll which he tersel, bnf compre-
hensively reviewed the history Of the Development
| and uuion of the different bodies which went to
| form the Consolidated Stock and Petroleum Ex-
chan ge ami outlined progress President Miller,
| of the Cotton Ex change, made a big hit when ne
predicted that the new building would
overlook '' broadway to prosperity" for all the
| g tha 4 NaV0r WhltQey